LTD: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
LTD
Largest movements
- Cash +€35,910
up €35,910 (+157.8%), from €22,760 to €58,671
mainly Receivables within one year (+€14,300) and Depreciation (+€12,991)
- Receivables within one year -€14,300
down €14,300 (-45.2%), from €31,636 to €17,336
of which Trade receivables: -€18,150
- Tangible fixed assets -€12,991
down €12,991 (-28.6%), from €45,488 to €32,497
- Reserves +€11,582
up €11,582 (+30.6%), from €37,878 to €49,460
- Tax, wage and social debts +€8,732
up €8,732 (+92.1%), from €9,479 to €18,211
- Trade debts -€6,845
down €6,845 (-74.4%), from €9,199 to €2,353
- Other debts -€4,627
down €4,627 (-10.5%), from €44,016 to €39,389
- Gross operating margin -€11,562
down €11,562 (-27.5%), from €42,105 to €30,543
- Taxes -€2,476
down €2,476 (-40.8%), from €6,072 to €3,596
- Other operating charges +€949
up €949 (+126.8%), from €748 to €1,697
- Depreciation +€676
up €676 (+5.5%), from €12,315 to €12,991
From the 2023 result to the 2024 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €100,672 | €109,513 | +€8,841 | +8.8% |
| Fixed assets | 21/28 | €45,488 | €32,497 | -€12,991 | -28.6% |
| Tangible fixed assets | 22/27 | €45,488 | €32,497 | -€12,991 | -28.6% |
| Furniture and vehicles | 24 | €45,488 | €32,497 | -€12,991 | -28.6% |
| Current assets | 29/58 | €55,184 | €77,016 | +€21,832 | +39.6% |
| Amounts receivable within one year | 40/41 | €31,636 | €17,336 | -€14,300 | -45.2% |
| Trade receivables | 40 | €29,310 | €11,160 | -€18,150 | -61.9% |
| Other amounts receivable | 41 | €2,326 | €6,176 | +€3,850 | +165.5% |
| Cash at bank and in hand | 54/58 | €22,760 | €58,671 | +€35,910 | +157.8% |
| Deferred charges and accrued income | 490/1 | €788 | €1,010 | +€222 | +28.2% |
| Total equity and liabilities | 10/49 | €100,672 | €109,513 | +€8,841 | +8.8% |
| Equity | 10/15 | €37,978 | €49,560 | +€11,582 | +30.5% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €37,878 | €49,460 | +€11,582 | +30.6% |
| Distributable reserves | 133 | €37,878 | €49,460 | +€11,582 | +30.6% |
| Amounts payable | 17/49 | €62,694 | €59,953 | -€2,741 | -4.4% |
| Amounts payable within one year | 42/48 | €62,694 | €59,953 | -€2,741 | -4.4% |
| Trade debts | 44 | €9,199 | €2,353 | -€6,845 | -74.4% |
| Suppliers | 440/4 | €9,199 | €2,353 | -€6,845 | -74.4% |
| Taxes, remuneration and social security | 45 | €9,479 | €18,211 | +€8,732 | +92.1% |
| Taxes | 450/3 | €9,479 | €18,211 | +€8,732 | +92.1% |
| Other amounts payable | 47/48 | €44,016 | €39,389 | -€4,627 | -10.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,315 | €12,991 | +€676 | +5.5% |
| Other operating charges | 640/8 | €748 | €1,697 | +€949 | +126.8% |
| Gross operating margin | 9900 | €42,105 | €30,543 | -€11,562 | -27.5% |
| Operating profit (loss) | 9901 | €29,042 | €15,855 | -€13,187 | -45.4% |
| Financial charges | 65/66B | €633 | €677 | +€44 | +7.0% |
| Recurring financial charges | 65 | €633 | €677 | +€44 | +7.0% |
| Profit (loss) for the period before taxes | 9903 | €28,410 | €15,178 | -€13,231 | -46.6% |
| Income taxes | 67/77 | €6,072 | €3,596 | -€2,476 | -40.8% |
| Profit (loss) for the period | 9904 | €22,338 | €11,582 | -€10,756 | -48.2% |
| Profit (loss) for the period to be appropriated | 9905 | €22,338 | €11,582 | -€10,756 | -48.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.